document.write( "Question 1139085: John wins $700,000 (after taxes) in the lottery and decides to invest half of it in a 5-year CD that pays 5.24% interest compounded quarterly. He invests the other half in a money market fund that unfortunately turns out to average only 2.5% interest compounded annually over the 5-year period. How much money will he have altogether in the two accounts at the end of the 5-year period? \n" ); document.write( "
Algebra.Com's Answer #756873 by josmiceli(19441)\"\" \"About 
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\"+A%5B1%5D+=+350000%2A%28+1+%2B+.0524%2F4+%29%284%2A5%29+\"
\n" ); document.write( "\"+A%5B1%5D+=+350000%2A1.0131%5E20+\"
\n" ); document.write( "\"+A%5B1%5D+=+350000%2A2.21527+\"
\n" ); document.write( "\"+A%5B1%5D+=+775344.5+\"
\n" ); document.write( "and
\n" ); document.write( "\"+A%5B2%5D+=+350000%2A%28+1+%2B+.025%2F1+%29%5E%28+1%2A5+%29+\"
\n" ); document.write( "\"+A%5B2%5D+=+350000%2A1.025%5E5+\"
\n" ); document.write( "\"+A%5B2%5D+=+395992.87+\"
\n" ); document.write( "-------------------------------
\n" ); document.write( "\"+A%5B1%5D+%2B+A%5B2%5D+=+775344.5+%2B+395992.87+\"
\n" ); document.write( "\"+A%5B1%5D+%2B+A%5B2%5D+=+1171337.38+\"
\n" ); document.write( "$1,171,337.38 in both accounts after 5 yrs\r
\n" ); document.write( "\n" ); document.write( "
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